Our 17th update on Huobi DM's BTC_CQ to Binance's BTCPAX since 3rd June 2020. Since the 18th May 2020 we have been watching of Huobi DM Bitmex with BTC_CQ XBTU20 spread, as of now you can get 0.245% return swapping this trade as it is momentarily showing fair since Sunday, the match currently is spread at 22.43 as of 8th July 2020 from 01:20:13 with a profit of 0.00247555 bitcoin for every one BTC exchanged. Since tracking begun we have verified this range topping off at 131.19 since the beginning of July. In the last 24 hours the spread reached a high of 36.49 resulting in a -203.32 shortening on the year marking a 84.78% reduction. Huobi DM's BTC_CQ to Bitmex's XBTU20 is 30th from a selection of 236 arbirtage opportunities. This arbitrage opportunity isn't looked upon as a high yield occurrence, and nowhere near HBDM BTC_CQ to Huobi BTCUSDT and Bitmex ETHUSD to Poloniex BTC_ETH with it being more appeal.
8th July 2020 01:20:13 UTC - 27 weeks ago
Huobi DM BTC_CQ @ 9364.43000000
Bitmex XBTU20 @ 9342.00000000
Captured Bitcoin Price
Profit Per 1.00000000 Bitcoin *
0.00247555 BTC with a 0.245% return
Bitcoin Trade Size
This nets an income of 0.0437355 BTC when you sell 17.667 BTC of BTC_CQ at Huobi DM at the price of 9,364.43 and buy the duplicate size of 17.667 bitcoin of XBTU20 at Bitmex for 9,342.00 giving a 405.10 USD profit with BTC holding at 9,263 USD per 1 bitcoin. We propose you look into this pairing more, this will return a profit when carried out to the tune of 0.0024756 per 1 BTC. The opportunity though indicates that the profits will be small rendering it not worthwhile if you examine transfer and exchange commissions, and, notably when given the profits presented by Bitmex ETHUSD to Poloniex BTC_ETH giving 0.02585928 BTC profit per one BTC as of right now.
Disclaimer : We are not financial consultants and all financial transactions are the responsbility of the user, this information provided is only valid at the timestamp of 8th July 2020 01:20:13, the material is intended for use as a historical report and for archiving purposes. If you require financial assistance then please contact a professional.